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LONDON - Brooks Macdonald Group PLC, a UK-based wealth management service provider, has announced the grant of options under its Save As You Earn (SAYE) Scheme to employees, including two Persons Discharging Managerial Responsibilities (PDMRs). On Tuesday, the company disclosed that 237 employees have been granted options to subscribe for a total of 174,677 Ordinary Shares at a discounted exercise price.
The 2025 SAYE Options, as part of the company’s approved scheme, have been set at £11.56 each, which is 20% less than the mid-market closing price on April 16, 2025. Employees will be able to exercise these options starting from June 1, 2028, for a period of six months, as per the scheme’s rules.
Among the recipients are Andrea Montague, CEO, and Katherine Jones, CFO, who have each been granted options for 1,591 shares. The transactions, which took place outside of a main market, are reported in compliance with the UK Market Abuse Regulation.
The SAYE scheme is designed to incentivize employees by allowing them to save over a set period and then purchase shares in the company at a discounted price. This aligns employee interests with those of shareholders and can serve as a tool for employee retention and motivation.
Brooks Macdonald has established itself as a significant player in the wealth management sector since its inception in 1991, offering a range of investment solutions and services. The company has a history of innovation in the industry, including being one of the first to develop products like the Managed Portfolio Service.
The grant of options is part of the company’s ongoing efforts to reward and retain valuable staff members and to reinforce their commitment to the company’s long-term success.
This announcement is based on a press release statement issued by Brooks Macdonald Group PLC.
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